The SVP – CIO of Expeditors International (NASDAQ: EXPD) is Selling Shares

By Carrie Williams

Today, the SVP – CIO of Expeditors International (NASDAQ: EXPD), Christopher McClincy, sold shares of EXPD for $175.7K.

Following Christopher McClincy’s last EXPD Sell transaction on May 02, 2018, the stock climbed by 9.0%.

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Based on Expeditors International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.85 billion and quarterly net profit of $136 million. In comparison, last year the company earned revenue of $1.55 billion and had a net profit of $93.26 million. EXPD’s market cap is $12.56B and the company has a P/E ratio of 24.5. Currently, Expeditors International has an average volume of 237.5K.

Four different firms, including Credit Suisse and RBC Capital, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $70.00, reflecting a 3.0% upside.

In the last 30 days, insiders have sold $175.7K worth of EXPD shares and purchased $72.38K worth of EXPD shares. The insider sentiment on Expeditors International has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Expeditors International of Washington, Inc. engages in the provision of global logistics services. The company offers airfreight, ocean freight and ocean, and customs brokerage and other services.